Lease options
 
 

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Lease options

This is a discussion on Lease options within the Barn Maintenance forums, part of the Barns, Boarding, and Farms category
  • Insurane neeeded for in barn lease of horse
  • How to draw up a lase contract for horses

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    11-08-2011, 08:49 AM
  #1
Foal
Lease options

While trying to sell my mare, I recieved an email asking about a lease. I have never leased or leased out a horse, so I wanted to ask around before I said yes or no. First of all, what are typical lease arrangements? I was thinking $100/month if the person came and rode 2-3 times a week. Is that reasonable? Second, what are the pros and cons of leasing? What should I be aware of as far as things to stay away from while leasing? Any thoughts?
     
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    11-08-2011, 08:58 AM
  #2
Weanling
You decide weather the horse stays at your house or goes to theirs or goes to a trainers.
I personally have two horses leased out.
They have to stay with a trainer. The Lessie pays all of the bills.
It benefits me because my horses get more training and showing. I do not have to pay for their up keep.
It benefits the Lessie cause they do not have to put out the big bucks that I did to get a really nice horse to ride.
You have to have contracts no mater what way you go.
If keeping horse at you house asking for money is not a bad. It still makes it cheaper than owning their own horse. It will hold off you selling your horse. Most people want a committed amount of time like 6 months to a year.
     
    11-08-2011, 09:09 AM
  #3
Foal
Thank you! The horse woulde be staying at my house.
     
    11-08-2011, 10:42 AM
  #4
Yearling
I have leased a few times with different arrangements. First off, I assume you are looking at a full lease where the other person will have full-time access to your horse? In that case, the lease should cover all of your expenses. If you are looking at a part lease, where you still ride your horse, then you will need to set the ground rules of how much time the other person gets and when. Also, the cost should be proportional. As a benchmark, you could check into what it costs per ride for someone to ride a leased horse in a lesson.

It is vitally important to draw up a lease contract and include the particulars of where and when the other person can take your horse, as well as who is responsible if things go badly. Can they trailer the horse to events or trail rides? Who is responsible for calling the vet in an emergency? Who pays the vet bills? Who is responsible for calling the farrier, vaccinations, etc.? Is there insurance to cover injury, illness, mortality? What if the horse is injured and cannot be ridden for a period of time during the lease? What if the injury is an accident, and what if it is caused by negligence?

I recommend doing an online search for a few different lease agreements and carefully looking over their contents. Alternatively, your local horse club, or a local barn might have a standard agreement they would let you look at. I also recommend a thorough health exam before starting the lease and making sure vaccinations, etc are all up to date. It is worthwhile for both parties to have that piece of mind before engaging in a lease contract, and it is in the best interests of your horse.

Previously when I have leased my horses, it worked out well. It did seem like a lot of work to set up the lease and attend to all of the details, but I believe it payed off in that I had no problems and everyone was happy, especially my horses.
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    11-08-2011, 10:54 AM
  #5
Foal
Thank you! That was very helpful and it gave lots to think about.
     
    11-09-2011, 05:35 PM
  #6
Yearling
I lease. We have a contract that she wrote and we went over together and made changes according to what we felt worked for both of us. He is kept at a barn. I pay the board fee and she pays everything else which is farrier since (knock on wood) he hasnt needed a vet. The board fee covers full care board and food etc. I have full access to him and do not need to let her know when I am going riding or anything. I have all of my own tack etc except for a girth and a bit which I borrow from her. I never really see the leasee either. I ride just about everyday and take care of Beau as if he was my own. I chose to lease because I am taking a year off from school before I go to law school and it seemed like the best thing for me at this point in my life and any horse that I would have potentially bought. The lease was made for a year. It included things like where he would be kept, riding limitations, who pays for what. Stuff like that. I can look to see if I still have a copy of it in my e-mail if you would like.
     
    11-10-2011, 02:53 PM
  #7
Foal
That would be great :) Thank you!
     
    11-10-2011, 09:09 PM
  #8
Foal
Years ago, I leased a horse to newly weds. They didn't know much about horses. I told them I'd lease my mare for $250.00 a month and she stayed at my stables. They wanted to see how much work was involved in owning a horse. The couple fell in love with the horse and two months later I sold them the mare and they paid me more than my asking price ....and they are still my friends to this day. Wow!
     
    11-10-2011, 09:18 PM
  #9
Banned
Okay, so now I have a question. When I see something advertised as "free lease, your barn or mine." What does that mean? I don't have to pay a dime and I get full access to someone elses horse? And it can live with me? That sounds like a pretty good deal LOL.
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    11-10-2011, 09:59 PM
  #10
Green Broke
In my area "free lease" normally means you are not paying a fee to lease the horse, but there is normally other fees like board that you still need to pay.

A girl in my barn previously had a $4,000 lease fee, per year, for the horse she had. She had to pay board, lessons, etc on top of the lease fee.
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